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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: % I/ U' J0 w( b0 Z0 O- g- x" I
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:) ?3 r |# c% N( Q
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New listings: 456 (492, 455, 529)
2 u4 L+ q) T+ c# s& q% C( a+ [# Sales: 198 (276, 228, 218)
: C& X0 J4 |( S1 G9 _1 H) W: x4 }Ratio: 43% (56%, 50%, 41%)$ E" @' |( u3 s: ?# ~# V; D, C
# Price changes: 341 (390, 363, 369)
I9 X& P8 Z! @! O, a/ [# Expired/Off Market Listings: 174 (221, 226, 204)
+ r* h( C! \. }% `+ g4 Y' T1 WNet loss/gain in listings this week: 84 (-5, 1, 107)5 F/ z# A3 }6 s6 Q$ }
Active listings for single family homes: 3454 (3395, 3374, 3329)
7 ?( F, ~8 }5 M' h. g- gActive listings for condos: 2253 (2232, 2209, 2217)6 m7 @9 y- m; q/ x) w
9 q; n0 i- R: FInventory, especially of single family homes, is still on the rise. We thought inventory would have peaked by now, and even though the pace has slowed it is still increasing.
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$ B" Q% ?6 _6 z0 c' S r0 {/ rThe REALTORS® Association of Edmonton is reporting 1323 sales so far this month, and with only two days left it looks to be another low for monthly sales for at least 6 years. The average residential sale price sits at $329k (down $1k from last week and $6k from last month), single family homes at $370k (down $1k from last week and $17k from last month – probably one of the biggest drops in a single month we’ve seen) and condos at $244k (down $1k from last week and $4k from last month). |
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